Italy renewable energy producer ERG's Q1 adjusted EBITDA rises 16% on higher wind output

ERG SpA

15/05/2026 10:28

Overview

Italy renewable energy producer's Q1 adjusted EBITDA rose 16% yr/yr to EUR 167 mln

Adjusted operating profit for Q1 increased to EUR 96 mln

Growth driven by higher installed capacity and increased wind production in Europe

Outlook

ERG confirms 2026 EBITDA guidance at EUR 520 mln to EUR 590 mln

Company expects 2026 net profit between EUR 330 mln and EUR 380 mln

ERG sees 2026 investments totaling EUR 1.95 bln to EUR 2.05 bln

Result Drivers

HIGHER WIND PRODUCTION - Co said increased windiness in Europe and full contribution from new capacity in UK, France and Germany drove Q1 results

NEW ASSETS CONTRIBUTION - Co said new wind assets in France and UK helped boost international margins

SOLAR WEAKNESS - Co said solar margins declined slightly due to lower irradiation and weaker prices in Spain

Company press release: ID:nBIAx3fw0

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Adjusted EBITDA
EUR 167 mln
Q1 Adjusted Operating Profit
EUR 96 mln


Analyst Coverage

The current average analyst rating on the shares is "hold" and the breakdown of recommendations is 2 "strong buy" or "buy", 5 "hold" and 2 "sell" or "strong sell"

The average consensus recommendation for the independent power producers peer group is "buy."

Wall Street's median 12-month price target for ERG SpA is €23.40, about 1.5% above its May 14 closing price of €23.06

The stock recently traded at 20 times the next 12-month earnings vs. a P/E of 15 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)